AAF Analysis of the Administration’s Budget

Marisol Garibay

The American Action Forum (@AAF) released an overview of the president’s Fiscal Year 2015 budget, as well as analysis of key spending priorities. In reviewing the spending and taxes in the president’s budget, AAF finds:

Tax revenue increase of $1.8 trillion;

Spending increase of $2.5 trillion over the budget window, or a 71% increase;

Record deficits requiring additional borrowing of over $1 trillion in the next two years; and